lead retires

...........each account is assigned a group of numbers, IP number(?),
actually each machine kicks out an ID number, various ways to block.
when $alil banned me from f....vision, couldn't even access the site.
have to crank up old G3 on dialup to look at f....vision. hey, if roy
prefers cakes bs to mine, it's his site. he's a wanna be whore for the
mut-fund industry and the more fundidiots he has posting the better,
what the hell could an ETF/CEF/stock trader have to contribute? (always
got a kick out of some post about the market in general or politics
getting deleted--like none of that shit has anything to do with
mut-funds.) for sure he don't want a long list of "guitar players"
picking on fruitcake or someother board idiot. hey, fuck him and the
ted he rode in on..........

Re: lead retires

Hey lead old friend,

Calm down and tell rono WTF happened. I'm too old to do without your
sage advice.

rono

Re: lead retires

I don't know about "sage" advice, probably more like garlic advice.
you know, I always did have a problem with that board--all the links to
fluff articles, the general sort of buy in to the ideas of buy and
hold, who's allocation scheme works the best, the annual
"rebalancing"---none of that stuff ever worked for me. doubt that
board will ever go to the next level, where "active investors"(traders)
can have a conversation. to many lazy, boneheads there. miss the old
days of talking to Art, Carl, Rich, Dale, Maureen, UH, Rono, etc. over
on the other board I got banned from. (I'm 2 for 2 now.) I was in an
informal contest last year, finished in the middle of the
pack---FastTrackArne ran away with it. Remember when Arne tried to
post on FA? treated rudely and he didn't stay very long. should have
left then. hell, should have left when Ed quit last year.
you probably have made other people some money posting there, if they
were reading. when was the last time you read something there that
made you some money?
Hey, "Gramps", see you here on good old mimf.

Re: lead retires

Howdy youngster,

Yeah, it can get strained at times with the vg diehard true-believing
cretins. However, there's too many folks that have guessed there can
be a better way and I'll simply put a mental killfile on the idiots and
keep posting my drek.

Woe those poor folks that were indexed and passive. Hell, I can't
afford that and neither can wifey. Cripes, her vanguard rollover from
which she's taking SEPP distributions earned 9% and it's about as
conservative as a 56 yo can be. Hell, if I just hit the indexes, I'd
have to consider an untimely and selfinflicted death. You can invest
conservatively and STILL momentum invest and make money - even at
Vanguard.

Oh well, and so it goes.

rono

Re: lead retires

"G3" <> wrote

miss the old
> days of talking to Art, Carl, Rich, Dale, Maureen, UH, Rono, etc. over
> on the other board I got banned from. (I'm 2 for 2 now.)

Alright young man, we just can't take you anywhere can we!!!
How many times did you hear that growing up?

Remember those paddles that had a rubber ball attached to them with a rubber
band?
That's what I used to get. The dreaded paddle. If you were out and heard
that line above, you knew the paddle was coming out on arrival at home. "Now
go to your room and think about why you were punished".

Re: lead retires

FA, I guess, provides a service. somebody posts about their mother
getting ripped off by an advisor, somebody tells them the story. same
with people posting about their bosses 401k scam, BobC. and others turn
the light onto that subject.
sometimes I'd post a link and comments about market direction or
something effecting the market, like the pension situation or maybe US
foreign policy--moderator would either delete that or ask, "what's all
that got to do with mut-funds?" assume the moderator could care less
about world politics, the direction of the US---all that macro stuff,
because his allocation system over rides any of that. I'm not some 28
year old that has a lifetime for the Vanguard S&P index fund to make
some money, I'm 60, got maybe another 10-20 years left and I'm trying
to take the money I made in the 90's and keep rolling it up("Boys,
we're burning daylight!"). no big pension or big SS payments to retire
on and I don't want to get killed by some healthcare issue.
at best FA is for amusement---you post, "WTF!?" and some doorknob asks
if that means, "what's that fund", heheheheheh. maybe I'll use dialup
to stop by once and a while so "Ike Turner" or one of my other favorite
guitar players can stir it up a little bit. Rolling On Floor Laughing
My Big Fat Ass Of=ROFLMBFAO.
(anybody want to have a little wager as to how long Ed lasts over
there, again?)

Re: lead retires

What that sweet nice old man getting booted from FA? You should be
ashamed.

rono

ya'll scare me but can I have a ride?

Ya'll are a fast crowd and so much advanced and quicker than I am. On FA I
feel more protected as it seems to have other dumbs and dumbers. Its scarey
here in usenet land.

But what's a gal to do? I like your philosophy, directions, guidance,
hints, etc. I use your ideas but my timing hasn't been so good. If I can
get better, I have cash to make bigger plays.

Lead - I wish I could understand more of your posts.
Ed - you've been kind to me and I've actually had some little successes with
the CEFs
Rono - wish I had taken advantage of more of your ideas, (example RIO, NOV,
SWC, HL, GFI, etc)
Neutron, - I didn't realize you were back to playing the CEFs
Mac - I wish I understood your system better. I don't seem to have any
intuitive skill with this stuff and a system might be better for me.

So I'll just have to tough it out here on mimf if this is where you are
gonna live now. That is, if ya'll let me ride along....


"G3" <> wrote in message
news:
>
> ..........each account is assigned a group of numbers, IP number(?),
> actually each machine kicks out an ID number, various ways to block.
> when $alil banned me from f....vision, couldn't even access the site.
> have to crank up old G3 on dialup to look at f....vision. hey, if roy
> prefers cakes bs to mine, it's his site. he's a wanna be whore for the
> mut-fund industry and the more fundidiots he has posting the better,
> what the hell could an ETF/CEF/stock trader have to contribute? (always
> got a kick out of some post about the market in general or politics
> getting deleted--like none of that shit has anything to do with
> mut-funds.) for sure he don't want a long list of "guitar players"
> picking on fruitcake or someother board idiot. hey, fuck him and the
> ted he rode in on..........
>

Re: ya'll scare me but can I have a ride?

I got to get a handle on this multiple personality problem (LOL). on
.....vision and ...alarm, I was "lead". on yahoo groups, I'm
"stockasticagain". over hear on usenet, I was using mac and then my
newsreader via sbc's usenet server is having problems posting(sbc tech.
support is no help). sooooooo, I'm down to getting here via google and
using the username "G3". (Mac G3 is the make and model of my old
computer).
(until quite recently, I was also posting on FA, using various names,
including "Ike Turner", one of my favorite guitar players(if I really
was Ike, would have treated Tina better, huh?).
Ruffian,
welcome to the mut-fund saloon. some of us should be at
misc.invest.stocks, but that place is a loony bin. so we post ontopic
and off topic stuff here. no moderator, lots of opinions, lots of spam.
gee, we just have a good time.
if you want to put your money to work, in some sort of relative saftey,
without joining the cult(asset allocation/vanguard nonsense, etc.) a
good way to start is to go over to see, Janet the "upgrader", at
. take your time and read thru this site. the
fundx folks have been around for awhile and have a good track record.
somewhat easy, reliable way to be an "active investor".

Re: ya'll scare me but can I have a ride?

Hi Ruffian,

Well, lead and neutron are no longer posting at FA, but Roy would like
to hear from them both.

As for me, I'll keep posting until Roy tells me different. Hell, I've
been posting here for more years than I care to remember (before the
web) and have been involved in flame wars and had to deal with world
class trolls. I guess I can stand the 'heat' at FA from those that
don't care for me or my posties. I guess if you don't care for a
person or their posties, you probably shouldn't read them. That's what
I referred to when I mentioned 'killfile'. You can still do it with
most email packages and older news readers allowed you to enter those
names you didn't want to read - and BINGO they stopped showing up on
your screen.

Question? is a mental kill file like a mental stop loss on a mutual
fund?

Anyway, I'll keep posting over there until Roy says something. sticks
and stone, what.

But I'll also keep posting here. Too many peeps I've known over the
years that have gone away. Someone mentioned Maureen from FV. We may
be wrong, but it's generally felt she was in the Trade Center on 9/11 .
.. . she stopped posting after that. Geez, so many folks. Carl and
Jenny. Jenny was the one behind always buying utes in the fall and
holding until after winter. I'm doing it, but am wondering if dereg
has tapped into the dividend stream and slowed this play. I'll have to
see in a month or so. Right now my GASFX is just slightly negative and
it sure was a drag on my returns for the year. Oh well.

Right now I'm getting hammered between the metals and asia. But that's
OK, been there done that, just trying to avoid it.

take care,

rono

Re: ya'll scare me but can I have a ride?

Rono, there are so many folks on FA that utilize your experience that I
won't even try to list them. They would cry if you didn't continue on that
board. Some of the naysayers envy your outstanding picks for this past year
and are grousing.

I don't consider myself brilliant but I have accomplished some things in my
life. However, I don't seem to pick up on this investing. Its hard going
for me. I have to try to make notes as nothing seems to stick or be
intuitive. Maybe its a case of "can't teach an old dog new tricks". Or
maybe it takes an old dog longer to learn new tricks. On FA, when I spoke
sleeping with Gary Smith's book wasn't helping me, someone pointed out that
the title was "how I trade for living" not "how YOU can trade for a living."
I may just not have the right stuff.

You mentioned some previous mentors. Thanks for letting me know that you
learned from others and that it doesn't just all come naturally.

I'm afraid I can't think about the Trade Center very often. I get a sick
feeling in my stomach. I have found that the older I get, the more
vulnerable I feel. I know now that bad things happen to good people and
people who followed the rules and people who took precautions...

B-ball game is coming on soon. Its hell here in the ACC conference!

"rono" <> wrote in message
news:
> Hi Ruffian,
>
> Well, lead and neutron are no longer posting at FA, but Roy would like
> to hear from them both.
>
> As for me, I'll keep posting until Roy tells me different. Hell, I've
> been posting here for more years than I care to remember (before the
> web) and have been involved in flame wars and had to deal with world
> class trolls. I guess I can stand the 'heat' at FA from those that
> don't care for me or my posties. I guess if you don't care for a
> person or their posties, you probably shouldn't read them. That's what
> I referred to when I mentioned 'killfile'. You can still do it with
> most email packages and older news readers allowed you to enter those
> names you didn't want to read - and BINGO they stopped showing up on
> your screen.
>
> Question? is a mental kill file like a mental stop loss on a mutual
> fund?
>
> Anyway, I'll keep posting over there until Roy says something. sticks
> and stone, what.
>
> But I'll also keep posting here. Too many peeps I've known over the
> years that have gone away. Someone mentioned Maureen from FV. We may
> be wrong, but it's generally felt she was in the Trade Center on 9/11 .
> . . she stopped posting after that. Geez, so many folks. Carl and
> Jenny. Jenny was the one behind always buying utes in the fall and
> holding until after winter. I'm doing it, but am wondering if dereg
> has tapped into the dividend stream and slowed this play. I'll have to
> see in a month or so. Right now my GASFX is just slightly negative and
> it sure was a drag on my returns for the year. Oh well.
>
> Right now I'm getting hammered between the metals and asia. But that's
> OK, been there done that, just trying to avoid it.
>
> take care,
>
> rono
>

Re: ya'll scare me but can I have a ride?

Howdy younglady,

Thanks for the kind words.

In Gary's book is perhaps one of the best bibliographies in existence.
I particularly liked Darvas 'how I made $2M in the Stock Market' and
Lefevre's 'reminiscences of a stock operator'. This is the story of
jesse livermore and there's also a bio on him that's out on the
shelves. I really like Harry Dent because I think more like him. I'm
not much of a shark type, but more a long run fundamentalist type.
That's why I'm such a rat at TA. Sure I can tell a pretty chart from
another, but being able to buy and sell that way? Nah. I'm just a
long range big picture type that's looking for trends and connections
and divergences.

As for investing style, they were correct. You and only you can
determine the style that best suits your makeup. I can't try to
emulate anyone else. I just borrow here and there and see what works
for me. And that's where you'll find your sweetspot.

And, by the way, I went to Michigan State so I am definitely rooting
for NCState tonight over Duke. ;-)

take care,

rono

Re: ya'll scare me but can I have a ride?

Ron, in the past you have spoken of the Harry Dent version of the stock
market. As I recall it is tepid in 2006 and magma hot in 2007 through
(what?) Would you please let me know what the expected end of the
magma part is and what he expects to follow this magma era? I remember
HD is all about demographics, in a nutshell please provide the basis of
why a red hot market would appear in the time frame he is suggesting.
Thanks.

Re: ya'll scare me but can I have a ride?

Howdy gander,

You're correct. He saw a flatish '06, followed by the mother of all
bull markets. He felt it would make the 90's look like the proverbial
pimple on an elephants ass.

Ths big bonaza will last until late '09 early 10 followed by the mother
of all depressions lasting until '23 with only a brief resbit around
2014-15. it was like 'good cop/bad cop' but with sex, drugs and rock
and roll from the good cop, followed by gitmo, torture and painful
death from the bad cop.

He also like large cap growth, tech and asia.

peace,

rono

Re: ya'll scare me but can I have a ride?

follow up.

His reasoning runs with the demographics of the baby boomers saving for
retirement, coupled with the growth in asia and the emerging mkts.
This seems to be unfolding in some ways as by fall, the fed may have to
start dropping rates and that should goose the market big time.

As for the meltdown, it's still the boomers and how in 2008/9 they hit
their peak earnings years on average as a generation and thereafter
become net dis-investors. And, the way things are looking with social
security, health care, and pensions, it's not too much of a stretch to
see things getting pretty gd ugly.

best,

rono

Re: ya'll scare me but can I have a ride?

Leaping Lizards! A 13 year depression! Where would your money hide? If
the US demand will fall that much would chinda be able to take up the
slack in such a short time?

I know that HD is a real smart guy and all, but how many baby boomers
are really going to be able to "retire" in the classical sense? Sure a
lot will retire from their current job, but then continue to work a
different job or be forced back into work when they find out just how
expensive health care, taxes, etc. adds up to with no paycheck coming
in, coupled with a small savings account. I have a hunch that it is
more than just the marginal few. Which would imply that because they
are part time employees their drawn down will still happen just be
smaller and drawn out along time. They will still be invested in the
stock market because it will be the only vehicle which will keep their
heads above the water. This may help prevent the uglyness HD is
predicting. Man I hope this happens instead of HD's version.

Re: ya'll scare me but can I have a ride?

Howdy Gander,

yeah, pretty bleak. he actually said it would make the great
depression look like a teaparty.

try this article for a sobering assessment from a gold bull



some of his arguements are a bit convoluted, but much is not.

HD sees short term Tbills, and blue chipe ST type bonds as the best
safe haven - basically cash type stuff. You read the gold bugs and
they like bullion coins - silver, gold, etc. you read the survivalists
and they want backtonature selfsufficiency and weapons.

I think the best approach is to continue to make as much money as we
can in the markets, own some gold and silver but not in crazy amounts,
diversify your holdings, keep your debt under control, pay down your
mortgage to a point where you could pay it off if you chose, and
basically add as many legs under your retirement stool as possible - in
other words, diversify your retirement as you would your IRA.

I wrote this up for my troops, but have been preaching it for years
about thinking your retirement like a footstool.

The Retirement Stool


Think of your retirement like a stool with legs. We all know that if
your stool only has one leg, it won't be very sturdy. Even if it has
two legs, it will likely tip over. Once we get to three legs, it'll
stand on its own. With four legs, it becomes even sturdier.

With your retirement, the objective is to have as many legs under your
own retirement stool as you can. More is better. You always want more
legs. In this way, even if one leg falters or is cut off, you have
other legs to support your stool. Five is better than four, six is
better than five.

Examples of legs are numerous, but we can start with Social Security.
Add in your Pension. How about a saving account? The equity in your
house is a good one. You want to include deferred compensation and an
IRA. Another leg could be an outside business - you could be an EBAY
dealer, or a landlord, or have a corner store. What about having
children that have gotten a good education (largely with you help, I
should add). You might have a collection of widgets that have value.
These ALL can become legs under your retirement stool.

SOCIAL SECURITY. Regardless of how secure you may, or may not, think
the system is, in all likelihood it will be around to a greater or
lesser degree. Sure, the age at which you can start drawing may
increase and even benefits may be reduced. However, it remains such a
key component of our society, that to some degree it will be one of
your legs.

PENSION. Whether you're going to receive a Defined Benefits
(traditional) pension, or a Defined Contributions (401K) type pension,
this is also another key leg under your stool. A traditional pension
is nice because supposedly it's a guaranteed income for the remainder
or your life [note: this is no longer such a guarantee as in the
past]. Sometimes you even have the choice of a "cash out" option
where you can roll the monies into a Rollover IRA and thereafter have
control over it. With a Defined Contribution (401K) pension, you also
have some benefit in that it's portable. If you decide to change
jobs, you can 'take it with you'. Normally, this is also through
the process of moving it into a Rollover IRA.

SAVINGS. Hopefully, we all have some savings if nothing other than an
Emergency Fund. An Emergency Fund is where you start and is normally
six months worth of expenses (bills). Once this fund is established,
additional savings can be invested or simply left in the bank. Either
way, this money also represents another leg.

DEFERRED COMPENSATION. As state employees, and in addition to the
401(k), you have an option of also investing in a deferred compensation
program called the 457. While the limits and methods are similar to
those of a 401, and the investment options are identical, there are
differences with regard to withdrawal. And, it can become another leg.

IRA (TRADITIONAL OR ROTH). The Roth IRA is one of the nicest gifts
ever made to us by the federal government. With limits, you can
contribute up to a certain amount each with after-tax dollars and later
withdraw everything TAX EXEMPT. There are some minor restrictions on
withdrawal of the gains (not the principal), but these are minor and
end at 59 =BD . After that you can take it out however you wish without
worries about the taxes. This is very neat.



HOME EQUITY. Buy a home. Period. Beats renting as you're paying
into your own equity. Over time this equity will increase and become
available, should you need it, in retirement. There is even now such a
thing as a reverse mortgage. This is where, in retirement, you sell
your home to the bank, and continue to live in it until you die, but
they pay YOU a monthly mortgage payment. However, this only works if
you've either paid it off, or most of it, because in effect, you're
borrowing on your equity. This is a great and crucial leg under your
retirement stool.

OUTSIDE INCOME. Start another business on the side. Sell stuff on
EBay. Become a landlord and rent out houses. With any of these,
you're establishing a second stream of income and another leg under
you stool.


CHILDREN. You've heard the expression, "my son - the doctor".
Well, don't sneeze. Having kids and helping them through school so
they can get good paying jobs is a form of security in your old age
that can be very important. How many know of someone who had a parent
or other relative move in with them? Whether you need or want to use
it, it can be another leg.

The bottom line is that your retirement is only as secure and sturdy as
you make it and having a variety of legs under your retirement stool,
provide a diversity that can insure you against any one or more legs,
getting chopped off or eliminated

peace,

rono